National Housing Report Reveals Some Good News For Buyers

Re/MAX’s national September housing report reveals some good news for buyers in certain areas. As the country’s largest franchise-owned real estate company, RE/MAX shared the numbers from its latest national housing report. Based on the stats from September 2018, it appears the playing field is beginning to level off between buyers and sellers. The attention grabber? Nationally, year-over-year home sales dropped 11.6%.

According to RE/MAX, “the decline in home sales was the largest since May 2011. While inventory did continue to decline at 4.7%, it was the smallest decrease since August 2014.”

Before buyers do the happy dance, the median home price (tracked in 54 metro areas) did show a year-over-year increase to $241,000. Only three areas including Birmingham, Alabama, Anchorage, Alaska and Honolulu, Hawaii experienced slight declines in sales prices. Birmingham led the three with a 2.1% decrease.

Conversely, year-over-year price increases were good news for sellers in Boise, Idaho, Manchester, New Hampshire, and Salt Lake City. Boise prices rose 17.9% while Manchester’s prices increased by 13.4% and Salt Lake City saw an increase of 11.9%

Moving around the country, agents with boots on the ground report interesting individual market trends. In San Diego for September 2018 closed transactions at 2,446 were down month-over-month by 20.4%. Inventory supply was up 31.8% from September 2017. Marilyn Dashe, of RE/MAX At The Coast in Encinitas and San Diego, reports days-on-market “have gone from under 30 days to two to three months.”

Dashe has a few cautionary notes. “Sellers cannot compare their houses against the last sale if that sale was before September,” she says. “Starting…

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When it comes to investing, the more conservative partner in a marriage has an easier argument: “We’re not putting all our money into some pipe dream!” This, in turn, is why I hear married people ask over and over in my real estate investing Facebook group about how they can get their spouse on board with real estate investing.
Real estate investing feels higher risk to people without real estate experience.
Then again, compared to stocks, real estate investing is often lower risk!
You’re going to need to make an organized, persuasive case for why real estate investing can offer both high returns and low risk.
I’m going to use rental investing as the example, but the same principles apply to convincing your spouse to embrace flipping, commercial real estate, land, or any other form of real estate investing.
Your spouse is apprehensive about the idea of “spending” and “risking” and “losing” money on a real estate deal.
If your spouse simply will not budge on investing any of your joint money, you can always just invest with “your own money” to demonstrate the proof-of-concept.
Final Word Spouses can be a pain in the rear, but they can also serve as a voice of reason—and as a second set of eyes on your real estate deals.
Run your numbers three times over, by yourself and with your spouse, before pulling the trigger on a real estate deal.
The last thing you want is to lose money on your first real estate deal – your spouse will never invest with you again.

TruVest, is a national real estate investment company that challenges the conventional investment community to think differently about atypical investments in green technology and real estate notes.
Phone: 833-878-8378